Category: Latest Stories

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InfrastructureLatest Stories

Lucknow Expands: Six Districts to Join Capital Region

Representative image created by AI LUCKNOW: The city is gearing up for significant expansion with the introduction of the state capital region (SCR) project, inspired by Delhi-NCR. A comprehensive 380-page report has been prepared and submitted to the Lucknow Development Authority (LDA), which will forward it to the state government for approval. The SCR initiative encompasses six districts—Lucknow, Unnao, Rae Bareli, Barabanki, Hardoi, and Sitapur—aiming for integrated development that bolsters the capital while ensuring balanced growth in surrounding areas, making it competitive with capital cities across the nation. LDA officials noted that the scheme draws inspiration from the Delhi-NCR and…

Latest StoriesRegulatory

Welspun Takes NCLT Action Against Lavasa’s Bidder Valor

Representative image. MUMBAI: The Welspun Group has submitted a petition to the Mumbai bench of the National Company Law Tribunal (NCLT), pointing to past defaults in an effort to disqualify top bidder Valor Estates from the debt resolution process for Lavasa Corp, known for its ambition to establish India’s first planned hill city. This interlocutory application, filed through a Welspun subsidiary, emphasizes connections between Valor’s promoters and another delinquent, debt-ridden jeweler, which could lead to automatic disqualification under the law. The submitted plea alleges that Valor’s ineligibility stems from Section 29A of the bankruptcy code, which precludes individuals with a…

IndustryLatest Stories

Full Land Digitization to Boost FDI in Realty

Representational image The central government aims to achieve 100% digitisation of land rights records by December nationwide, which experts believe will stimulate foreign direct investment (FDI) in real estate—a sector often hindered by land acquisition challenges. Commercial real estate, including offices, logistics, and data centres, is expected to experience more efficient land acquisition processes, while the residential sector is likely to thrive as clearer titles boost mid-range and luxury developments in locations like Gurgaon and Chennai. “These reforms are crucial for unlocking significant foreign investment and promoting sustained growth in Indian real estate. By digitising records, we can expedite land…

Latest StoriesResidential

Anil & Harsh Varrdhan Kapoor Purchase ₹5 Crore Mumbai Flat

NEW DELHI: Anil Kapoor and his son Harsh Varrdhan Kapoor have purchased an apartment in The Smoky Hill CHS located in Bandra West, Mumbai, for ₹5 crore. The apartment boasts a built-up area of 108.25 square meters (1,165 square feet) and a carpet area of 90 square meters (970.71 square feet), according to the Inspector General of Registration (IGR) documents reviewed by Square Yards. The transaction was officially recorded in August 2025. The deal involved a stamp duty payment of ₹30 lakh and registration fees of ₹30,000, and it also comes with one garage space. Published On Aug 26, 2025…

Latest StoriesRera

Linking Property Registration with MahaRERA to Combat Fraud

Representative image created by AI PUNE: The state registration department is set to merge its property registration site with the MahaRERA portal to prevent fraudulent property transactions. This proposal will be discussed in an upcoming meeting with government agency representatives. Senior officials confirmed on Tuesday that this integration will allow sub-registrars to verify project RERA registration numbers in real-time prior to completing any transaction. “We have received approval for this process, which will be initiated following consultations. This move will verify project approvals and title statuses, ensuring that developers are RERA-registered before any property registration,” an official stated. Developer associations…

Latest StoriesRegulatory

Adani Group’s Bid for Troubled Jaiprakash Associates Approved

NEW DELHI: The Competition Commission of India (CCI) has in principle approved Adani Group’s acquisition of the financially troubled Jaiprakash Associates, contingent on a successful bid in the ongoing insolvency proceedings. The proposed transaction involves Adani Enterprises Ltd (AEL) and Adani Infrastructure and Developers Pvt Ltd (AIDPL) seeking to acquire up to 100% of Jaiprakash Associates Ltd (JAL), as outlined in a statement from the regulator on Tuesday. The CCI noted that an approval is essential for the concerned entity to submit a resolution plan following a recent Supreme Court ruling regarding the Insolvency and Bankruptcy Code (IBC). The approval…

IndustryLatest Stories

Maharashtra’s Intra-District Property Registrations Top 60,000

PUNE: The state government’s initiative allowing citizens to register property at any sub-registrar office within their district has surpassed 60,000 registrations since its launch on May 1, officials reported on Tuesday. However, plans for inter-district registration are unlikely to materialize until next year. “There are technical and legal challenges that need to be resolved before implementing this statewide system. Stakeholders have expressed concerns, and significant changes are required in the software. Therefore, it won’t be possible to roll it out before next year,” said a senior official from the state registration department. A total of 60,694 documents have been processed…

Latest StoriesResidential

Chandigarh Uphelds Group Housing Society Property Status Quo

CHANDIGARH: In a setback for group housing and cooperative society allottees in the city facing challenges with conversion, unearned increase, need-based changes, and completion certificates, the Chandigarh administration has decided to maintain the status quo on these issues. This response comes after a communication from the Ministry of Home Affairs (MHA) addressing five major property-related concerns. Unearned Increase on Flats The “unearned increase” imposition remains a contentious issue for housing society allottees. If the original transferee (allottee/lessee) sells, gifts, mortgages, or otherwise transfers rights after the 15-year ban period, one-fourth of the unearned increase must be paid to the government…

Latest StoriesRera

Haryana RERA Orders Agrante Realty to Compensate Buyers for Delay

GURUGRAM: The Haryana Real Estate Regulatory Authority (HRera) has mandated Agrante Realty to compensate homebuyers for delayed possession of its affordable housing project, Kavyam, located in Sector 108. In response to four complaints from allottees, HRera’s ruling on July 11, 2025, stated that the developer had not delivered possession by the agreed date of February 20, 2024, despite having collected nearly all sale amounts. The authority evaluated these cases collectively due to their similar circumstances. Homebuyers contended that they purchased flats under the Affordable Housing Policy of 2013, with an expectation of possession within four years following the environmental clearance.…

CommercialLatest Stories

REITs in India’s office market could reach 30% by 2030: Colliers

NEW DELHI: According to Colliers India, the penetration of Real Estate Investment Trusts (REITs) in India’s office segment could rise from the current 16% to 25–30% by 2030. The report reveals that about 500 million sq ft (msf) of office assets in the country are suitable for REIT listing. Currently, 133 msf have been included under four operational office REITs, with an additional 371 msf of Grade A office space identified for potential future listings. Big Opportunities in SBDs The report underscores significant potential for REIT expansion, noting that 371 msf of Grade A office assets—46% of the current stock—could…